The Benefits of a Finance Degree

If you want a world-class mastery of money, a bachelor’s degree in finance could be one of the best ways to achieve it. There are plenty of schools that specialise in business and finance, such as LSBF or Oxford Business College, as well as hundreds of options for finance courses at other universities, but why should you actually pursue one?

Read on to find out more about the benefits of a finance degree.

A wide range of careers

A degree in finance will prepare you for a huge range of careers – very few doors will be closed to you. Banking, private business, government, journalism, real estate, economics – all sectors that will value financial expertise. If you prefer to go your own way, a strong knowledge of finance is incredibly useful for entrepreneurs too.

Employment options are always on the rise, too, with a huge amount of growth predicted in finance-related fields over the next five years.

Higher salaries

Whatever the career, a finance graduate will be a highly valued member of the team, providing specialised services that businesses always need. Increased job security also comes with a much higher salary, with many roles approaching (and readily surpassing) the six-figure mark.

Networking potential

As a bonus for almost any degree, networking potential on a finance degree is particularly useful, providing you with contacts that will allow you to get ahead in business and gain access to financial advice and information beyond your own field of expertise.

A real understanding of the way money works

If you want to plan out your budgets, save cash, and build wealth, there’s no better way to get a solid grounding in the skills needed than through a formal education in finance. An understanding of the principles of finance, economics, and tax are essential to getting ahead in ways that all the tips and tricks in the world won’t manage, whether you’re negotiating deals or just looking for a better mortgage deal in your personal life.

You will also gain an understanding of the global market, allowing you to monitor the economy and identify trends that may impact you. It also means your expertise can take you anywhere in the world that you want it to.

Conclusion

Although there are plenty of ways to become a master of earning, saving and investing, if you are serious about making money work for you, and eventually turning that expertise in to a career, then a degree in finance is your best bet. Why not research some options to learn more?

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Lovely comments

As someone with a finance degree (and an economics degree as well), I agree with this article. I have found that it made a wide range of positions available to me. I feel that it is a more strategic thinking based degree than say a pure accounting one, but still gives you enough accounting exposure to be effective.

I am a communication graduate. Not that I regret taking it up, I just wish I had taken accounting or any finance degree. Finance degree is more in demand and those with this degree seem to be more satisfied, enjoying, and get lots of opportunities.

What do you think about opting for a business administration degree instead? Such as a bachelor of business administration (BBA) or a bachelor of science in business administration (BSBA), IMO this generally offers a broader grounding in the world of commerce. A BA or BS in finance is a bit more limited, tends to be more specialized, with a greater emphasis on investments and the workings of financial institutions.

I love the fact that you point out that having a degree in accounting will pretty much open up any field for you. People are needed to handle finances in any field whether it be banking, private business, government, journalism, real estate, or economics. These are just a few possibilities that this degree can lead to. I am going to look into this degree a little more and see if I want to major in it.

Nice article. Hard to find a discussion on this topic that is not riddled with bias. The author did a good job of presenting the overall market data and telling individuals considering a career in finance. The choice is not a slam dunk one way or the other. You have to decide which path makes sense given your personal goals and preferences.